Japan's retail sales soared by 3.5% in February

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Source: BBC
The retail sales of Japan surged by 3.5% in February on a monthly basis, according to the Trade Ministry. Experts predicted the sales to jump by 1.3% last month. The rise of the sales figures and improving equity markets indicate recovery of the Japanese economy. However, experts do not expect the domestic consumption to gain further because of weak labour market.


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